LONDON, Sept 25 (Reuters) - European shares slipped in late
trading on Thursday, tracking a sharp sell-off in U.S. stocks,
with weaker industrial metals prices on a stronger dollar
hurting the mining sector.

The STOXX Europe 600 Basic Resources index fell 2.1
percent to feature as the biggest sectoral decliner in Europe
after prices of key base metals fell following a rise in the
dollar index, which measures the greenback against a
basket of major currencies, to a four-year high.

"The dollar is having its bull run right now and that's
causing ripples around the world. Metals prices are getting
depressed because of the currency and that is going to have a
negative impact on mining companies," Lorne Baring, managing
director, B Capital Wealth Managemet, said.

"The larger commodity players might be able to withstand the
downward pressure as they have stronger balance sheets but
mid-level players are going to be squeezed."

A stronger U.S. currency tends to make dollar-priced metals
costlier for the holders of other currencies and lowers demand
for the raw materials.
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